Quintiles files for IPO of up to $600 mln

Feb 15 Quintiles Transnational Holdings Inc, the
largest provider of testing services to drugmakers, filed with
U.S. regulators on Friday to raise up to $600 million in an
initial public offering of common stock.

The company, backed by private equity investors that include
Bain Capital LLC and TPG Capital LP, did not reveal how many
shares the company planned to sell or their expected price.

Morgan Stanley, Barclays Plc and J.P. Morgan Chase & Co
would be the lead underwriters for the IPO.

Durham, North Carolina-based Quintiles did not reveal the
exchange in which it wishes to list or its symbol.

The offering comes five years after Bain and TPG became lead
investors in Quintiles in January 2008.

The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.